Despite long-term interest rates in the US and Japan exceeding key milestones, the stock market has remained calm. The yield on 10-year US Treasury notes reached 5.11%, while the yield on 10-year Japanese government bonds moved to 3.05%.
Long-term interest rates in the US and Japan each exceeded levels considered key milestones. The yield on 10-year US Treasury notes reached 5.11% on 23 September, and the yield on 10-year Japanese government bonds rose to 3.05% the following day.
Despite interest rates breaching these levels, the stock market was not significantly disrupted. The divergence between rates exceeding key milestones and the market’s response has drawn attention.